Timothy Sumer

What is the best Thrift Savings Plan (TSP) Fund? FinEd for Feds is dedicated to providing financial planning education that is relevant for U.S. Federal Government Employees. Federal Employee benefits are complicated yet extremely valuable. Our goal is to make your benefits easier to understand and explain how they integrate with other aspects of your financial life. Ultimately, we want you to be educated during your working years and to feel confident and empowered to retire comfortably from federal service. Discovery Wealth Planning LLC is a Registered Investment Advisor. We are fee-only, which means we do not sell products for a commission. We are also a fiduciary and we put client interests first 100% of the time. We offer one-time and ongoing financial planning engagements with a CERTIFIED FINANCIAL PLANNER™ for U.S. Feds. To learn more, please visit This channel is purely educational and should not be considered as financial, legal or tax advice. Discovery Wealth Pla

... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Your Federal Retirement Annuity for CSRS and FERS As a federal employee, you are entitled to certain retirement benefits to ensure a secure future after years of dedicated service. One of the most important benefits is the Federal Retirement Annuity, which offers a reliable income stream upon your retirement. In this article, we will explore the details of the Federal Retirement Annuity for both the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). CSRS Annuity: The CSRS Annuity is available to federal employees who were hired before January 1, 1984. Through CSRS, eligible employees contribute a portion of their salary throughout their working years to build up their retirement fund. This fund is used to provide a monthly income

... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Your Federal Retirement Annuity for CSRS and FERS As a federal employee, you are eligible for a retirement annuity through either the Civil Service Retirement System (CSRS) or the Federal Employees Retirement System (FERS). These annuity programs provide a stable and reliable source of income during your retirement years, ensuring that you can enjoy the fruits of your labor and live comfortably after leaving the workforce. The CSRS is designed for employees who were hired before 1984, while FERS covers those who joined the federal government after that date. Both programs provide a retirement annuity that is calculated based on your length of service, average salary, and a specific formula. It's important to understand the differences between these two systems and

Leave us a comment below if you have any more questions you want answered! Want to learn more about how you can plan for your federal retirement? Then check out the links below: Find a top rated financial advisor near you: Retirement Consultation: Manager Training: psreducators.com/manager-training/ E-Learning: ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing How Do I Calculate My FERS Pension? One of the perks of being a federal employee in the United States is the Federal Employees Retirement System (FERS). This system provides a pension plan to eligible employees, ensuring a steady income during retirement. However, understanding how to calculate your FERS pension can be confusing for many employees. In this article, we will discuss the steps to calculate your FERS pension. Before diving into the calcul

In this video, Jose Armenta, CFP®, reviews how to calculate the FERS annuity and why it's important to know. If you want to learn more about your FERS pension, visit Are you looking to work with a financial planner who specializes in financial planning for federal employees? Then check us out: Also, follow me at these places below and say hi! LinkedIn: Facebook: Instagram: Until next time, take care! Jose Armenta, CFP® #FERS #FERSPension #YourFederalEmployeeBenefits #FederalEmployees #FERSAnnuity YourFederalEmployeeBenefits.com is a Create Your Path (“CYP”) blog. CYP is a registered investment advisor offering advisory services in the State of California and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise per

People are selling their investments off like crazy, so it's safe to ask yourself if there is anything you can do to protect your Thrift Savings Plan (TSP). It is possible to move your funds from the C Fund or S Fund into the much safer G Fund, but is it truly worth it after all the recession-related sell-offs in the last month? I'm not a financial expert, but if I could go back to February 19th, I would have move all my money from the C and S Funds into the G Fund to protect my retirement investments. But because I didn't at the time, I've lost nearly $30,000 as the NASDAQ, S&P500, and Dow took a nose dive into unprecedented losses. So is it too late? The market movers and shakers are creating an incredibly volatile market right now, but it's possible that indexes like the S&P 500 will reset and rebound based on the pending fiscal and economic stimulus bill that is sitting with the Senate right now. If you're still interested in transferr

To rollover or not rollover your TSP FinEd for Feds is dedicated to providing financial planning education that is relevant for U.S. Federal Government Employees. Federal Employee benefits are complicated yet extremely valuable. Our goal is to make your benefits easier to understand and explain how they integrate with other aspects of your financial life. Ultimately, we want you to be educated during your working years and to feel confident and empowered to retire comfortably from federal service. Discovery Wealth Planning LLC is a Registered Investment Advisor. We are fee-only, which means we do not sell products for a commission. We are also a fiduciary and we put client interests first 100% of the time. We offer one-time and ongoing financial planning engagements with a CERTIFIED FINANCIAL PLANNER™ for U.S. Feds. To learn more, please visit This channel is purely educational and should not be considered as financial, legal or tax advice. Discovery Wealth Planning LLC (“

Stephen Zelcer explains the most basic ingredient necessary to invest in the TSP.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Thrift Savings Plan (TSP) is a retirement savings plan offered to federal employees and members of the uniformed services. It is similar to a 401(k) plan offered by private employers, and provides a way for participants to save and invest for their future retirement. If you are a federal employee or member of the uniformed services, understanding the basics of TSP investing is important for your financial health. Here are some things to consider when planning to invest in the TSP: 1. Contribution Limits: As of 2020, the maximum amount you can contribute to the TSP is $19,500 per year. Participants who are age 50 or older can make an additional catch-up contribution of up to $6,500 pe

If you don't debt at the right time, you're going to get an extra penalty. At what age can I withdraw from TSP without penalty? It seems to be a unique question to answer. Thrift Saving Plan or TSP is a program for retired officers working in the US. You can save your money or retire in TSP. Click here to learn more = Because TSP is a retirement program, it doesn't give a penalty for withdrawing your money. However, it applies the requirement in which you withdraw the money during a period of retirement. If you stop working for the federal government, you can start to withdraw your retirement fund and money when you reach 55 years old. Meanwhile, if you are still working for the federal government, you must wait to withdraw money until you reach 59.5 years old. Visit article post here = #thriftsavingplan #tsp #retirementinvestment... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN

TSP.gov TSP Loans operate a bit differently than a 401k loan but not much. However, there are a couple things you need to know as you consider whether or not to take a loan form your TSP. We cover those issues here. The links to the website for TSP.gov can be found here: ================================ If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: My Amazon Product page: Anything you buy there Amazon pays me a commission. Much appreciated! If you received value from this video and/or channel, and want to say thanks, feel free to send a donation via Paypal. I'm not too proud to ask! Contact me: Josh@heritagewealthplanning.com GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How

In this video, you’ll learn about the different Thrift Savings Plan withdrawal options and the tax implications of those options. ⏰ Timecodes 0:00 – Intro 0:42 – Distribution Sources 1:37 – Installment Payments 3:16 – Single Distribution 3:55 – Life Annuity 5:00 – TSP Tax Reporting 6:03 – TSP Withdrawal Taxes 9:01 – TSP State Tax Planning QUESTION — Have a question about Personal Finance, Federal Benefits, or Retirement Planning? Post in the comments section or contact us at: Are you seeking a financial planner who specializes in working with federal employees? Schedule a free consultation at: Connect with Fedway Financial on Social Media: Connect with Jerel Harvey on Social Media: #fedwayfinancial #themoneybriefing 🎵 Music provided by LAKEY INSPIRED – Chill Day Disclaimer: All content on this site is for general information purposes only and is not intended to provide any personalized financial advice.... ( read more ) LEARN MORE ABOUT: Thrift Savings

The Treasury has suspended investments in the TSP's G Fund recently, and it has caused panic among the federal employee community. In this video, Thiago Glieger discusses exactly what this means, why it happened, and what you should do about it. #retirementplanning #fersretirement #federalemployees OTHER POPULAR VIDEOS: [HOW TO PROTECT YOUR RETIREMENT PORTFOLIO] [REDUCE TAXES WITH THIS PERSONAL TAX GUIDE] [WHY FIDELITY IS WRONG ABOUT YOUR RETIREMENT] ----------------------------------------------------------------------------------------------------------------------- ►Visit our federal employee retirement website: ►If you're interested in setting a time to meet with Thiago Glieger, click here: ►If you'd like help from a team of Certified Financial Planner (CFP) professionals that specialize in working with federal employees, learn more here: -- Subscribe to TFC channel and click the Bell icon to be notified when we release new content. The Fed Co

G Fund transfers are the highest they've been in a long time. In this video, Thiago Glieger discusses how to best use the G Fund in from a financial planner's perspective. 📌Find out if you're on track to meet your financial goals: LINK TO FULL ARTICLE: ----------------------------------------------------------------------------------------------------------------------- ►To see more of our content, visit our website for federal employees here: ►Want to see more of our videos? Click here: ►If you'd like help from a team of Certified Financial Planner (CFP) professionals that specialize in working with federal employees, visit our website at -- Make sure you Subscribe to the channel and click the Bell icon to be notified whenever we release new financial strategies for federal employees. The Fed Corner is a purpose built channel of information and financial planning strategies specifically designed for Federal Employees. We talk about money, buil

Fednobabble - Making Federal Benefits Understandable for Humans (in under 20 minutes) This episode covers What is in the new TSP and what is not. To get a comprehensive report on your federal retirement benefits: No cost, no obligation, no sales pitch. No kidding. Want us to ask a question for us to answer? again. Created by: Kevin Jones of and Cassie Knight of ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Thrift Savings Plan, commonly known as TSP, has undergone some changes as part of the TSP Modernization Act. These revisions, which are effective as of September 15, 2019, have the aim of making it easier for federal employees to use their TSP accounts. What's in it? One of the most significant changes is the removal of some of the limitations that prevented participants from accessing their f

Fednobabble - Making Federal Benefits Understandable for Humans (in under 20 minutes) This episode covers: - Pension, annuity - what’s the difference? - FRAs & MRAs - the difference - TSP lump sums and the annuity To get a comprehensive report on your federal retirement benefits: No cost, no obligation, no sales pitch. No kidding. Want us to ask a question for us to answer? again. Created by: Kevin Jones of and Cassie Knight of ... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing As we plan for retirement, there are multiple options to consider regarding the distribution of our investments. Two such options include pensions and annuities. While they may seem similar, there are some key differences to be aware of. A pension plan is a retirement plan that is typically provided by an employer. It offers a gua

FedLife Podcast 60. Understanding Reemployed Annuity Compared to Phased Retirement with Ed Zurndorfer Summary: When it comes to retiring, especially as a federal employee, understanding how to manage your retirement can be overwhelming, and the options for your planning can be convoluted and confusing. The goal of Serving Those Who Serve is to make your retirement less stressful and help you get the most out of your money. In this episode, Dan Sipe and Ed Zurndorfer speak about what it means to be a reemployed annuitant, and compare the difference between phased retirement focusing on FERS, CSRS, and CSRS offset. Dan and Ed discuss: Differences between CSRS, CSRS offset and FERS annuitants How working part-time can change your retirement Why a CSRS retiree might want to switch into FERS as part of reemployment Some examples to make more sense of some of the more complicated plans And more Resources: Fedzone: Fedzone Article: Reemployed CSRS Annuitants: Fedzone

The SECURE Act "2.0" has finally been released and it brings some of the biggest changes and impact to retirees to date. In this video, Thiago Glieger discusses some of the most important changes that will impact retirees across the nation, and how you should be addressing each new change going forward. [HOW TO CREATE YOUR RETIREMENT PORTFOLIO] [REDUCE TAXES WITH THIS PERSONAL TAX GUIDE] [WHY FIDELITY IS WRONG ABOUT YOUR RETIREMENT] 0:00 Understanding the rule 1:10 Most anticipated change 1:49 RMD chart 2:21 Tax Planning Window 3:43 Penalties 4:29 Roth changes 5:18 529 changes 6:51 Spousal changes 9:19 IRA catch-up contribution 10:09 Roth RMDs 10:49 Roth matching contributions 11:29 $145K income and over restrictions 12:00 Catch-up for 60 and older ----------------------------------------------------------------------------------------------------------------------- ►Want to see more of our videos? Click here: ►Visit our federal employee retirement webs